Common use of Legality of Securities Clause in Contracts

Legality of Securities. The Securities, the Warrant Shares, the Representative's Warrants (described in Section 3.04 hereof) and the Representative's Class A Warrants (described in Section 3.04 hereof) have been duly and validly authorized and, when issued and delivered against payment as provided in this Agreement, will be validly issued, fully paid and nonassessable. The Securities, the Warrant Shares, the Representative's Warrants and the Representative's Class A Warrants, upon issuance, will not be subject to the preemptive rights of any shareholders of the Company. The Class A Warrants, the Representative's Warrants, and the Representative's Class A Warrants, when sold and delivered, will constitute valid and binding obligations of the Company enforceable in accordance with their terms. A sufficient number of shares of Common Stock have been reserved for issuance upon exercise of the Class A Warrants, the Representative's Warrants, and the Representative's Class A Warrants. The Securities, the Warrant Shares, the Representative's Warrants and the Representative's Class A Warrants will conform to all statements in the Registration Statement and Prospectus made with respect thereto. Upon delivery of and payment for the Securities, the Representative's Warrants and the Representative's Class A Warrants to be sold by the Company as set forth in this Agreement, the persons paying therefor will receive good and marketable title thereto, free and clear of all liens, encumbrances, charges and claims. The Company will have on the effective date of the Registration Statement and at the time of delivery of the Securities, the Representative's Warrants and the Representative's Class A Warrants full legal right and power and all authorizations and approvals required by law to sell and deliver the Securities, Representative's Warrants and Representative's Class A Warrants in the manner provided here under.

Legality of Securities. The Securities, the Warrant Shares, the Representative's Warrants (described in Section 3.04 hereof) and the Representative's Class A Warrants Warrant (described in Section 3.04 hereof) have been duly and validly authorized and, when issued and delivered against payment as provided in this Agreement, will be validly issued, fully paid and nonassessable. The Securities, the Warrant Shares, the Representative's Warrants and the Representative's Class A WarrantsWarrant, upon issuance, will not be subject to the preemptive rights of any shareholders of the Company. The Class A Warrants, the Representative's Warrants, Warrants and the Representative's Class A WarrantsWarrant, when sold and delivered, will constitute valid and binding obligations of the Company enforceable in accordance with their terms. A sufficient number of shares of Common Stock have been reserved for issuance upon exercise of the Class A Warrants, the Representative's Warrants, Warrants and the Representative's Class A WarrantsWarrant. The Securities, the Warrant Shares, the Representative's Warrants and the Representative's Class A Warrants Warrant will conform to all statements in the Registration Statement and Prospectus made with respect thereto. Upon delivery of and payment for the Securities, the Representative's Warrants Securities and the Representative's Class A Warrants Warrant to be sold by the Company as set forth in this Agreement, the persons paying therefor will receive good and marketable title thereto, free and clear of all liens, encumbrances, charges and claims. The Company will have on the effective date of the Registration Statement and at the time of delivery of the Securities, the Representative's Warrants Securities and the Representative's Class A Warrants Warrant full legal right and power and all authorizations and approvals required by law to sell and deliver the Securities, Representative's Warrants Securities and Representative's Class A Warrants Warrant in the manner provided here underhereunder.

Legality of Securities. The Securities, the Warrant Shares, the Representative's Warrants (described in Section 3.04 hereof) Shares and the Representative's Class A Warrants (described in Section 3.04 hereof) have been duly and validly authorized and, when issued and delivered against payment as provided in this Agreement, will be validly issued, fully paid and nonassessable. The Securities, the Warrant Shares, the Representative's Warrants Shares and the Representative's Class A Warrants, upon issuance, will not be subject to the preemptive rights of any shareholders of the Company. The Class A Warrants, the Representative's Warrants, Warrants and the Representative's Class A Warrants, when sold and delivered, will constitute valid and binding obligations of the Company enforceable in accordance with their terms. A sufficient number of shares of Common Stock have been reserved for issuance upon exercise of the Class A Warrants, the Representative's Warrants, Warrants and the Representative's Class A Warrants. The Securities, the Warrant Shares, the Representative's Warrants Shares and the Representative's Class A Warrants will conform to all statements in the Registration Statement and Prospectus made with respect thereto. Upon delivery of and payment for the Securities, the Representative's Warrants Securities and the Representative's Class A Warrants to be sold by the Company as set forth in this Agreement, the persons paying therefor will receive good and marketable title thereto, free and clear of all liens, encumbrances, charges and claims. The Company will have on the effective date of the Registration Statement and at the time of delivery of the Securities, the Representative's Warrants Securities and the Representative's Class A Warrants Warrants, full legal right and power and all authorizations and approvals required by law to sell and deliver the Securities, Representative's Warrants Securities and Representative's Class A Warrants in the manner provided here under.